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HSBC Suisse investigated by Swiss and French courts

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HSBC Private Bank (Switzerland) is in the sights of the Swiss and French judicial authorities on money laundering charges. +Get the most important news from Switzerland in your inbox According to the British banking group, the authorities in both countries are conducting criminal investigations against it. The probes relate to two "historic" banking relationships, according to HSBC's half-yearly report. The investigations against the Swiss subsidiary are currently at an early stage. In June 2024, the Swiss Financial Market Supervisory Authority (Finma) ordered measures against HSBC Private Bank (Switzerland) for violating money laundering rules. It prohibited the bank from establishing new business relationships with politically exposed persons until further notice, and asked it to verify its current business relationships. Funds from Lebanon At the time, Finma referred to two business relationships with politically exposed persons from Lebanon. In these cases, the bank had not ... Full story here Are you the author?
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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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